Sterling Bank Gifts Free Transfers to all Customers
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Bayo Adetu
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February 7, 2023
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BUSINESS
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Sterling Bank, a leading Nigerian commercial bank and Africa’s Most Agile Companyhas taken the courageous step of suspending transaction fees for all of its personalaccount holders as a sign of solidarity with them during these trying times. Abubakar Suleiman, the bank’s chief executive, announced in a personal email to customers. The message in the mail to Sterling’s clients read, “We …
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Sabotage: EFCC Arrests GTBank’s Operations Manager for Hoarding New Naira Notes in Abuja
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Bayo Adetu
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February 7, 2023
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BUSINESS
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The Operations Manager of Guarantee Trust Bank (GTB) in Abuja Central Area was on Monday, February 6, 2023, arrested by operatives of the Economic and Financial Commission, EFCC for refusing to load the Automated Teller Machines, ATMs, of the bank despite having N29million of the redesigned Naira notes in the branch’s vaults. Before he was whisked away for further questioning, …
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Sterling Bank Hoards Six Million New Naira Notes
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Bayo Adetu
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February 6, 2023
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BUSINESS
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One of the monitoring teams of the Central Bank of Nigeria, has accused the branch of Sterling Bank in Ado Ekiti, the capital of Ekiti State of hoarding new Naira notes it had collected for almost two weeks, claiming that their automated teller machines were not yet configured. In a trending video on Sunday, a deputy director of the CBN, …
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Naira scarcity: How FCMB is sabotaging CBN, punishing Nigerians
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Bayo Adetu
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February 4, 2023
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BUSINESS
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First City Monument Bank (FCMB) has been identified as one of the banks sabataging the new naira notes policy of the Central Bank of Nigeria, CBN, subjecting Nigerians to undue hard times. ICPC Compliance Team in Oshogbo has busted an FCMB in Osogbo, Osun State where some ATMs were loaded with cash with their wrappers un-removed, thus preventing the cash …
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Redesigned Naira Notes: ICPC arrests Stanbic IBTC Bank Official over Sabotage
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Bayo Adetu
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February 4, 2023
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BUSINESS
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ICPC has arrested an official of one of the commercial banks for alleged sabotage. The bank official, who is the Branch Service Head of Stanbic IBTC Bank, Deidei Branch, Abuja, was taken into custody for her deliberate refusal to upload cash into the branch’s Automated Teller Machines (ATM) even when the cash was available, and people were queuing at the …
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Fidelity Bank assures customers of cash payment
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Bayo Adetu
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February 3, 2023
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BUSINESS
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The management of Fidelity Bank Plc has assured customers of cash payment across all its branches nationwide. Head of Corporate Communication of the bank, Dr. Meksley Nwagboh said this in a statement issued by the bank on Thursday. He said, “Our customers can rest assured that we are working to meet their banking needs. All our branches nationwide are open …
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Angry female customer strips inside Access Bank hall
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Bayo Adetu
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February 2, 2023
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BUSINESS
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An Access Bank customer went half naked while demanding to have her money returned and account closed. In the video which surfaced on social media on Wednesday, the woman can be seen in merely her underwear as she protested in the banking hall. Speaking Yoruba, she said, “Close my account. I don’t want to use it again. Return my money. …
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Just In: CBN Extends old naira note deadline
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Bayo Adetu
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January 29, 2023
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BUSINESS
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The Central Bank of Nigeria has finally extended the deadline for the exchange of old naira notes by 10 days. In a press statement issued on Sunday, Godwin Emefiele, the CBN governor, said the new deadline is February 10, 2023.
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Union Bank Reiterates Support for Small Businesses at BusinessDay Top 100 SME Conference
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Bayo Adetu
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January 24, 2023
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BUSINESS
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Leading financial institution, Union Bank of Nigeria, has reiterated their support for Small and Medium-sized Enterprises in the country to drive increased growth and development. This commitment was made during the recently held ‘Top 100 Fastest Growing SMEs in Nigeria’ conference hosted by Business Day newspaper. The event themed ‘How SMEs can thrive in an age of volatility’ was well …
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Last Set of Winners Emerge in Season 2 of Wema Bank’s 5for5 final Promo Draw
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Bayo Adetu
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January 21, 2023
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BUSINESS
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Winners have emerged in the ground-breaking final live draw of the 5for5 promo event held in Lagos on January 20, 2023. This event featured mouth-watering cash prizes of N10,000, N100,000, and the star prize of N1,000,000, which 2 lucky customers won. Abubakar Bisoye Bisi of Broad Street Branch, Lagos and Toyeeb Hussain of Ondo Branch emerged the two lucky winners …
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